Futures lower after Tesla, IBM quarterly results

Published by
Reuters

By Shreyashi Sanyal (Reuters) – U.S. stock index futures edged lower on Thursday as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies. Tesla Inc fell 1% in premarket trading as it said on Wednesday its upcoming factories and supply-chain headwinds would put pressure on its margins after it beat Wall Street expectations for third-quarter revenue. The EV maker’s quarterly report comes a day after shares of growth peer Netflix Inc slipped following its results. Other mega-cap stocks …

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